Author: admin

Jim Cramer’s CNBC Investment Club hosts a “Morning Meeting” livestream every weekday at 10:20 a.m. ET. A recap of Thursday’s key moments. 1. Stocks rose on Thursday as Wall Street attempted to recover despite a flare-up in U.S.-Iranian tensions and rising oil prices. The market saw a sharp split within the technology sector, with hardware and chip stocks rising, but software stocks remaining under pressure. Micron rose 7.5%, but club name Salesforce fell 2.5% after KeyBank downgraded the stock from buy to hold. Jim said the disparity reflects where the money is going in boosting artificial intelligence. “The companies that…

Gingham has officially surpassed its picnic blanket reputation. Once associated with vintage tablecloths and retro summer dresses, the timeless plaid has become one of this season’s most sophisticated wardrobe staples, appearing in everything from tailored skirts and breezy button-downs to effortless setups and chic dresses. “The key to making gingham look modern is to treat it as a classic rather than a statement print,” says celebrity stylist Erin Walsh. “I love more tailored or relaxed silhouettes, like chic skirts, easy button-downs, and breezy pants. Styled this way, it feels timeless, effortless, and endlessly versatile.” That’s exactly why prints are having…

Quansah was sent off for a sliding stud-up tackle and will miss England’s quarter-final match against Norway.Published July 9, 2026July 9, 2026England defender Jharrel Quansah has been suspended for two games after receiving a red card in England’s World Cup last-16 win over Mexico, leaving manager Thomas Tuchel short on back-line options in the final stages of the tournament.The two-match suspension, confirmed on Thursday, means Quansah will also miss Saturday’s quarter-final match between England and Norway in Miami and, if they advance, the semi-final.Quansah was sent off after a video review for a sliding stud-up tackle in his match against…

Mark Nachman is Global Head of Wealth and Wealth Management at Goldman Sachs.CNBCgoldman sachs The company announced Thursday that it has been awarded contracts to manage retirement assets totaling $70 billion. verizon communications and lockheed martin, This is one of the big recent announcements in the fast-growing corporate investment outsourcing market.Goldman said its obligations include about $30 billion in Verizon and Lockheed Martin pension assets and about $40 billion in Verizon’s defined contribution retirement assets, typically 401(k)s.The move highlights how some of the nation’s largest employers are increasingly delegating responsibility for managing retirement assets to outside firms such as Goldman,…

Nvidia, a longtime industry leader, has had a rough few months. The bottom line, Bloomberg reports in ugly detail, is that the company’s stock is down 15% from its peak in May, even as projected earnings continue to rise. Relative to estimated earnings, the company’s stock is currently cheaper than the S&P average. Investors pay less per dollar of NVIDIA’s expected earnings than they would for a typical large American company. Money is still flowing into AI infrastructure stocks, but most of it is going into memory companies. Over the same period, the value of Micron, one of the world’s…

OpenAI CEO Sam Altman told CNBC on Thursday that the company’s latest artificial intelligence model, GPT-5.6 Sol, is 54% more token efficient in agent coding tasks, “on par or better” than competing models in the market. “Every company right now is thinking about the spend and the value they’re getting in exchange for AI, and this is what we really want to do,” Altman said. On Thursday, OpenAI will roll out its latest models, the GPT-5.6 Sol, Terra, and Luna series, which were announced last month. The company limited its initial launch to a “small group of trusted partners” at…

LeBron James’ wife Savannah James addresses ‘crazy’ criticism after leaving Lakerssavannah james She blames her husband’s critics. Continue lebron james Upon leaving the Los Angeles Lakers, the 39-year-old addressed the negative attention her husband has received online, calling the criticism “insane.” In fact, the reaction was in stark contrast to the positive community she and her co-hosts have cultivated around them. April McDanielpodcast of everyone is crazy. After April pointed out online that people build things up to tear them down, the mother-of-three said: bronny james,twenty one, bryce james19, and juli james11, with LeBron – added during the game July…

Samuel Boivin | Null Photo | Getty Imagesmicron Shares rose 7% on Thursday as the company announced a new investment round aimed at strengthening the U.S. semiconductor supply chain and plans to accelerate spending in the country through 2035. The new strategic investment of up to $3 billion includes $500 million for Taiwan-based GlobalWafers to expand wafer development and manufacturing at its Texas facility, as well as a 10-year supply agreement for raw silicon wafer production capacity. “Ensuring a reliable supply of critical inputs is essential to supporting Micron’s long-term growth and technology roadmap,” Ben Tessone, Micron’s chief procurement officer,…

Reuters reported, citing an internal memo, that Meta plans to start manufacturing the latest version of its AI-specific chip in September to lower the cost of GPUs amid an unprecedented parts shortage. At least one chip passed the testing phase in about six weeks, according to the memo. Meta is collaborating with Broadcom on chip design, but will use Taiwan Semiconductor Manufacturing Company (TSMC) for manufacturing. According to the report, it also buys RAM from Samsung, storage from SanDisk, and fiber optic equipment from Sumitomo Electric. In March, Meta detailed four new chips developed under the Meta Training and Inference…

palo alto networks CEO Nikesh Arora warned that token costs need to fall by as much as 90% to facilitate large-scale adoption of artificial intelligence. “I think 54% is a good start,” Arora told Seema Modi on CNBC’s “Squawk on the Street” on Thursday. OpenAI CEO Sam Altman told CNBC that Frontier Labs’ latest model is 54% more token efficient for agent coding. “Maybe we need another twist.”Arora said the token’s efficiency should drop by up to 20% over the next 12 months and 90% by next year. Rising token costs have emerged as a major pain point for enterprises,…